JP Morgan Chase, the world’s largest bank by market capitalisation, bought Sri Lankan start-up WealthOS for an undisclosed sum on Tuesday. The deal is larger than the London Stock Exchange Group’s purchase of MillenniumIT.
The Examiner got the long-awaited Preliminary Transfer Plan for CEB’s restructure, approved by Cabinet this week — engineers may challenge it in court. Although the power reform czar resigned, electricity reforms will continue. Disagreement is still rife about the draft electricity policy.